Xenia Hotels & Resorts Slips To Loss In Q4; Initiates FY25 Outlook; Boosts Dividend 17%

(RTTNews) - Xenia Hotels & Resorts, Inc. (XHR) reported on Tuesday a net loss applicable to common stock for the fourth quarter of $0.64 million or $0.01 per share, compared to net income of $7.60 million or $0.07 per share in the prior-year quarter.

Funds from operations, or FFO, for the quarter were $32.25 million, compared to $39.41 million last year. Adjusted funds from operations, or AFFO, were $40.03 million or $0.39 per share, compared to $44.05 million or $0.41 per share in the year-ago quarter.

Total revenues for the quarter increased to $261.85 million from $253.38 million in the same quarter last year.

Looking ahead to fiscal 2025, the company now projects net income in a range of $9 million to $29 million and AFFO in a range of $1.55 to $1.74 per share. The Company's Board of Directors declared a 17 percent higher quarterly cash dividend of $0.14 per share of the Company's common stock for the first quarter of 2025, payable on April 15, 2025 to all holders of record of the Company's common stock as of the close of business on March 31, 2025. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com